Xue Feng acquired 30% equity interest in General Connectivity System Co.,Ltd. from XDC Industries (Shenzhen) Limited (SZSE:300615) for CNY 4.7 million on November 30, 2018. Xue Feng signed equity transfer agreement to acquire Suzhou Zhengbei Connection Technology Co., Ltd. from XDC Industries (Shenzhen) Limited (SZSE:300615) on December 26, 2018. For the year ended December 31, 2017, Suzhou Zhengbei Connection Technology Co., Ltd. reported total assets of CNY 22.4 million, total common equity of CNY 21.76 million, total revenue of CNY 0.64 million and net loss of CNY 1.99 million. The transaction is approved by Board of Directors and shareholders of XDC Industries (Shenzhen) Limited. Xue Feng completed the acquisition of 30% equity interest in General Connectivity System Co.,Ltd. from XDC Industries (Shenzhen) Limited (SZSE:300615) on December 26, 2018.